Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Tiffany & Co.'s Christmas Sales +4% to $1B

16 january 2014

Tiffany & Co. reported that sales increased 4 percent year on year to $1.03 billion during the Christmas season, which included the months of November and December. Comparable-store sales rose 6 percent, Rapaport reports.
Revenue from stores in the Americas increased 6 percent year on year to $550 million, while comparable-store sales rose 7 percent. Sales from the Asia-Pacific region increased 5 percent to $196 million and same-store sales were flat. Tiffany’s business in Japan experienced a 12 percent decline in sales to $135 million, due to the negative translation effect from a weaker yen; however, same-store sales increased 10 percent. Sales in Europe improved 11 percent to $131 million and comparable-store sales rose 3 percent.
Michael J. Kowalski, Tiffany & Co.'s CEO, said,  “Tiffany enjoyed a good holiday season with overall sales results in line with our expectations, and we were pleased to see growth across our fine and statement, engagement and fashion jewelry categories. Based on these sales results and related margins, we expect that full year earnings before certain charges will meet the most recent forecast we provided in November.”
Tiffany & Co. closes its fiscal year on January 31 and anticipates earnings in the rage of $1.27 to $1.37, compared with $3.25 one year ago, due to a $300 million, or $2.33 per diluted share, charge related to an adverse arbitration ruling involving the Swatch Group. The earnings estimate also includes a 5 cent per share expense tied to specific cost-reduction initiatives.